MAXIMUS, Inc. MMS reported better-than-expected fourth-quarter fiscal 2021 results.Earnings per share (EPS) in the fourth quarter (excluding 25 cents from non-recurring items) amounted to $1.08, which surpassed the Zacks Consensus Estimate by 21.4% and increased 5.9% year over year. Revenues of $1.1 billion beat the consensus mark by 2.1% and increased 19.7% year over year. The uptick was driven by new COVID-19 response work such as vaccination distribution support services, unemployment insurance program support, disease investigation, contact tracing and other key initiatives.Shares of MAXIMUS have gained 10.2% in the past year compared with a 8.6% rise of the industry it belongs to.Image Source: Zacks Investment ResearchSegmental RevenuesThe U.S. Services segment’s revenues of $392.6 million increased 5.7% (all organic) year over year, mainly owing to new work. The uptick was primarily driven by COVID-response work.The U.S. Federal Services segment’s revenues of $540.3 million rose 27.7% from the year-ago quarter’s reported figure. The uptick was due to an increase in COVID-19 response work.Outside the U.S. segment, revenues of $173.2 million increased 34% year over year on a reported basis. Sales and PipelineYear-to-date signed contract awards on Sep 30, 2021, totaled $5.62 billion and contracts pending (awarded but unsigned) amounted to $0.72 billion. The sales pipeline at Sep 30, 2021, was $33.9 billion. This included $8.8 billion in proposals pending, $1.42 billion in proposals in preparation and $23.7 billion in opportunities tracking.Operating PerformanceOperating income of $68.2 million, declined 19.3% year over year. Operating income margin of 6.2% was lower than the year-ago quarter’s figure of 9.2%.Balance Sheet and Cash FlowThis Zacks Rank #3 (Hold) company ended the fiscal fourth quarter with cash and cash equivalents of $135.1 million compared with $96.1 million in the prior quarter.The company provided $270.6 million of cash from operations. Free cash flow amounted to $266.2 million. MAXIMUS paid out dividends of $17.2 million. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.2022 OutlookMAXIMUS expects revenues in the range of $4.4-$4.6 billion. The estimate is above the Zacks Consensus Estimate of $4.12 billion.It expects EPS in the range of $4.00-$4.30. The projection is below the Zacks Consensus Estimate of $4.47 per share.Cash flows from operations are expected between $275 million and $325 million. Free cash flow is anticipated in the range of $225-$275 million.The effective tax rate is anticipated in the range of 25-26%. Weighted average shares outstanding are projected in the range of 62.5-62.6 million.Performance of Other Business Services CompaniesEquifax’s EFX third-quarter 2021 adjusted earnings of $1.85 per share beat the Zacks Consensus Estimate by 7.6%. The bottom line declined on a year-over-year basis. Revenues of $1.22 billion outpaced the consensus estimate by 3.6%. The top line increased 14.5% year over year on a reported basis and 14% on a local-currency basis.EFX surged 66.5% in the past year against a 17.6% decline of the industry it belongs to. Equifax carries a Zacks #3 Rank.IQVIA’s IQV third-quarter 2021 adjusted EPS of $2.17 beat the consensus mark by 1.9% and rose 33.1% on a year-over-year basis. Total revenues of $3.39 billion outpaced the consensus estimate by 1%. The top line increased 21.7% year over year on a reported basis and 21.1% on a constant-currency basis.IQV soared 57.2% in the past year against a 17.6% decline of the industry it belongs to. IQVIA carries a Zacks #3 Rank.Omnicom’s OMC third-quarter 2021 adjusted earnings of $1.65 per share beat the consensus mark by 20.4% and increased 36.4% year over year. Total revenues of $3.4 billion surpassed the consensus estimate by 0.6% and increased 7.1% year over year.OMC increased 14% in the past year compared with a 28% rise of the industry. Omnicom carries a Zacks #3 Rank. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Omnicom Group Inc. (OMC): Free Stock Analysis Report Equifax, Inc. (EFX): Free Stock Analysis Report Maximus, Inc. (MMS): Free Stock Analysis Report IQVIA Holdings Inc. (IQV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research